@vivid56
A project’s governance structure plays a significant role in its long-term success. Decentralized governance, where decisions are made by the community or token holders, can lead to a more resilient and adaptable project, as it’s less reliant on a centralized team. However, effective governance requires clear voting systems, transparency, and active participation from the community. If a project’s governance is too centralized or lacks clear decision-making processes, it could lead to mismanagement or a lack of trust, which can harm its future growth. Strong governance is key to sustainability.
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